As our fiscal year 2016 comes to a close, I am pleased to report that we delivered another year of record revenue, resulting in 44% growth in revenue over the past 4 years. Our success was a result of strong sales in our embedded wireless product lines, fueled by the rapid adoption of wireless technologies in healthcare and medical device applications that require the enterprise security and high reliability Silex products provide.
As we all know, all software will have some bugs. Some problems are fairly easy to discover, but others only occur in specific situations, making it difficult to reproduce them or even discover that they exist. At Silex Technology, we test our software in as many scenarios as possible so we can identify and resolve problems before our product gets into the hands of our customers.
Sometimes, bug fixes and feature enhancements require modification to the radio source code. As one of 15 Qualcomm Atheros Authorized Design Centers (ADCs), Silex Technology is one of the few companies in the world enabled with radio source code access. This allows us to make tweaks and modifications for reliability and performance that is not available to most of our competitors.
Silex Technology brings stability to the Qualcomm Atheros technology used in consumer mobiletechnology today to ensure it can be used in critical, always-on enterprise devices.
On October 27, 2016, Qualcomm Incorporated (NASDAQ: QCOM) and NXP Semiconductors N.V. (NASDAQ: NXPI) announced a definitive agreement, unanimously approved by the boards of directors of both companies, under which Qualcomm will acquire NXP.
The combining of NXP into Qualcomm is based on compelling strategic logic that brings together two highly successful and complementary businesses to create a premier semiconductor industry leader. With unique leadership positions in Wireless technologies, Security and Processing, the union is ideally positioned to address the emerging trends of ADAS and Autonomous Vehicles, the Internet of Things (IoT) and the 5G revolution.